SEC charges bankrupt Woodbridge Group over $1.2 billion Ponzi scheme

(Reuters) - The U.S. Securities and Exchange Commission has charged Woodbridge Group of Companies and its owner, luxury real estate developer Robert Shapiro, for allegedly operating a $1.2 billion Ponzi scheme that targeted thousands of investors, the ...

(Reuters) - The U.S. Securities and Exchange Commission has charged Woodbridge Group of Companies and its owner, luxury real estate developer Robert Shapiro, for allegedly operating a $1.2 billion Ponzi scheme that targeted thousands of investors, the agency said on Thursday.